March 8, 2006

Deutsche Bank continues mortgage build-out with three key hires

Troy Dixon joins from UBS as Head of Pass-Through Mortgage TradingDeutsche Bank Securities Inc. today announced that Troy Dixon will join as a Managing Director and Head of Pass-Through Mortgage Trading within the firm's Global Markets Division.  In addition, Keith Willard will join the pass-through trading group as a Director and Cyle Berwanger as an Associate, responsible for trading securities consisting of pools of residential mortgage loans in which payments of principal and interest are passed through to investors. Dixon will report to Anilesh Ahuja, Managing Director and Head of Residential Mortgage Backed Securities, and Jon Kinol, Managing Director and Head of Rates Trading for North America.

Dixon, an industry expert with over 10 years experience in the pass-through mortgage market, joins the firm from UBS where he was an Executive Director and Head of Pass-Through Trading. Prior to that, he was Head of Pass-Through Trading at Donaldson, Lufkin & Jenrette (DLJ) and retained the same role at Credit Suisse First Boston after CSFB's acquisition of DLJ.  Willard and Berwanger also join from UBS, where Willard was a Director responsible for pass-through trading of specified mortgage pools. 

"Having a strong foothold in the pass-through market is a necessity for any successful mortgage franchise," said Ahuja. "Troy's experience, product knowledge and extensive history in the market will be an asset to our already existing pass-through business and his skilled team will further advance us as a leading mortgage trading house."

"We believe that aligning mortgage trading with our rates derivatives business will better meet the needs our customers, whose trading ideas and strategies often involve both asset classes," said Kinol. "The combined experience and industry know-how these hires bring will prove beneficial to both our clients and our trading franchise."

Dixon holds a B.A. from the College of The Holy Cross, Willard holds a B.S. from University of Kentucky, and Berwanger holds a B.A. from Rutgers University.


For further information, please call:

Michele Allison 001-212-250-4864
Media Relations

Deutsche Bank

With Euro 993 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.